Petrobras begins binding phase for Papa-terra field sale
Published by Nicholas Woodroof,
Qualified parties for this phase will receive a process letter with instructions on the divestment process, including guidelines for due diligence and submission of binding proposals.
Papa-terra field is part of the BC-20 concession and is located at a water depth of 1200 m. The field started its operation in 2013 and its average oil and gas production in 2019 was 17 300 boe/d, through two platforms, P-61 type TLWP (Tension Leg Wellhead Platform) and P-63 type FPSO (Floating Production Storage and Offloading) where the entire production is processed. The P-61 counts with a chartered Tender Assist Drilling (TAD) rig.
Petrobras is the operator of the field, with 62.5% stake, in partnership with Chevron, which holds the remaining 37.5%.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/20042020/petrobras-begins-binding-phase-for-papa-terra-field-sale/
You might also like
HESS selects Halliburton to implement digital wells
Hess Corporation has selected Halliburton’s well construction suite to plan, design, and construct safe, cost effective, and productive wells.